BREAD FACTORY OF STEPANAKERT PRODUCES LESS DUE TO REPAIRS
KarabakhOpen
23-01-2008 11:29:44
As we already have informed, the government sold the bread factory
of Stepanakert and the Mill for 750 million drams. The buyer of this
major company is ERMI, which imports wheat to Armenia. The owner of
the company is Karen Baghdasarov.
The company went bankrupt and was sold to ERMI. According to Prime
Minister Ara Harutiunyan, the government bought the company from
Artsakhbank for 400 million drams and sold for 750 million drams to
cover 350 million drams of company’s debt.
The minister of agriculture, vice premier Armo Tsatryan says the
company owed 359 million drams to wheat suppliers. So far 80 million
has been repaid. The vice prime minister says this activity requires
control, and now checking is underway.
"In May and June of the past year the government paid about 13 million
drams to cover part of the salary debts to the workers of the Mill,"
Armo Tsatryan said, noting that the money should be returned to the
state budget.
With regard to the reduced volume of production of bread at the bread
factory of Stepanakert, Armo Tsatryan said the factory mainly supplies
the army, and sells a little part of its production in Stepanakert.
"The new owner repairs the factory, the equipment is being improved. In
other words, they are preparing for the harvest season," Armo Tsatryan
concluded.